“A picture is worth 1,000 words” is a well-known phrase that was coined, according to some accounts, by renowned early 20th-century newspaper publisher Arthur Brisbane in 1911 while discussing newspapers and publicity.
This old adage still holds true today, and for a lot more than publicity in newspapers. Here at Axiometrics, we believe a simple two-layer chart can tell us a lot about aspects of an apartment market more quickly than a detailed explanation. Of course, some explanation is needed so readers know the true picture behind the picture.
Look at the chart below, which depicts the location of apartment properties opened or under construction since 2012, overlaid above average household income (the darker, the larger).
Read more...Construction Strong in Houston High-Income Areas
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